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Livermore
Livermore
ZHEN

McNaughton Wealth Management, LLC

SEC CIK
0001802691
Latest filing
Jul 7, 2026

The latest 13F from McNaughton Wealth Management, LLC covers Q2 2026 (filed Jul 7, 2026): 75 long positions worth $281.6M. The top 10 holdings make up 50.4% of the portfolio, and the largest is Vanguard S&P 500 ETF at 10.8%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
8
Est. +$2.80M
Added
39
Est. +$31.2M
Reduced
19
Est. −$14.4M
Sold out
3
Est. −$6.67M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard S&P 500 ETF922908363
    10.8%$30.5M
  2. Vanguard Total Bond Market ETF921937835
    8.8%$24.8M
  3. iShares S&P 500 Growth ETF464287309
    7.2%$20.3M
  4. iShares S&P 500 Value ETF464287408
    4.8%$13.6M
  5. BlackRock ETF Trust09290C103
    4.8%$13.4M

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard S&P 500 ETF922908363
    +$14.9MAdded
  2. Vanguard Total Bond Market ETF921937835
    +$5.72MAdded
  3. iShares U.S. Treasury Bond ETF46429B267
    +$1.45MAdded
  4. iShares Tr464288885
    +$946.6KAdded
  5. Vanguard Wellington FD921935870
    +$862.8KAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Vanguard S&P 500 ETF922908363
    +5.22 pp5.6% → 10.8%
  2. Vanguard Total Bond Market ETF921937835
    +0.89 pp7.9% → 8.8%
  3. iShares S&P 500 Growth ETF464287309
    +0.31 pp6.9% → 7.2%
  4. Vanguard Wellington FD921935870
    +0.28 pp0.2% → 0.5%
  5. iShares Tr464288885
    +0.28 pp1.4% → 1.7%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares MSCI USA Quality Factor ETF46432F339
    −$5.79MSold out
  2. iShares S&P 500 Value ETF464287408
    −$3.75MReduced
  3. iShares Core MSCI Emerging Markets ETF46434G103
    −$2.57MReduced
  4. iShares Tr464288877
    −$2.54MReduced
  5. iShares Future AI & Tech ETF46435U556
    −$2.18MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares MSCI USA Quality Factor ETF46432F339
    −2.40 pp2.4% → 0.0%
  2. iShares S&P 500 Value ETF464287408
    −1.84 pp6.7% → 4.8%
  3. iShares Tr464288877
    −1.21 pp2.6% → 1.4%
  4. iShares Core MSCI Emerging Markets ETF46434G103
    −0.84 pp3.5% → 2.6%
  5. iShares MSCI USA Min Vol Factor ETF46429B697
    −0.39 pp1.8% → 1.4%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$281.6M
+$39.8M (+16.5%) vs. prior quarter
Positions
75
+5 vs. prior quarter
Top 10 concentration
50.4%
Top 10 as share of value
Turnover
8.1%
Q2 2026, one quarter
Average holding period
13.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $281.6M (Q2 2026)

Q1 2021: $130.6MQ2 2021: $142.6MQ3 2021: $141.5MQ4 2021: $154.4MQ1 2022: $153.7MQ2 2022: $141.4MQ3 2022: $136.2MQ4 2022: $146.3MQ1 2023: $150.7MQ2 2023: $156.2MQ3 2023: $150.4MQ4 2023: $168.9MQ1 2024: $180.4MQ2 2024: $188.6MQ3 2024: $205.4MQ4 2024: $207.5MQ1 2025: $206.0MQ2 2025: $224.2MQ3 2025: $237.1MQ4 2025: $242.9MQ1 2026: $241.8MQ2 2026: $281.6M
Q1 2021Q2 2026
13F filings of McNaughton Wealth Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 7, 202675$281.6MVanguard S&P 500 ETFVanguard Total Bond Market ETFiShares S&P 500 Growth ETFvs. Q1 2026SEC
Q1 2026Apr 8, 202670$241.8MVanguard Total Bond Market ETFiShares S&P 500 Growth ETFiShares S&P 500 Value ETFvs. Q4 2025SEC
Q4 2025Jan 12, 202671$242.9MVanguard Total Bond Market ETFiShares S&P 500 Growth ETFiShares S&P 500 Value ETFvs. Q3 2025SEC
Q3 2025Oct 8, 202574$237.1MVanguard Total Bond Market ETFiShares S&P 500 Growth ETFiShares S&P 500 Value ETFvs. Q2 2025SEC
Q2 2025Jul 22, 202573$224.2MVanguard Total Bond Market ETFiShares S&P 500 Growth ETFiShares MSCI USA Quality Factor ETFvs. Q1 2025SEC
Q1 2025Apr 9, 202573$206.0MVanguard Total Bond Market ETFiShares S&P 500 Growth ETFVanguard S&P 500 ETFvs. Q4 2024SEC
Q4 2024Jan 14, 202555$207.5MVanguard Total Bond Market ETFSPDR Series TrustiShares Core S&P 500 ETFvs. Q3 2024SEC
Q3 2024Oct 4, 202456$205.4MVanguard Total Bond Market ETFSPDR Series TrustiShares Core S&P 500 ETFvs. Q2 2024SEC
Q2 2024Jul 12, 202453$188.6MVanguard Total Bond Market ETFSPDR Series TrustiShares Core S&P 500 ETFvs. Q1 2024SEC
Q1 2024Apr 12, 202453$180.4MVanguard Total Bond Market ETFSPDR Series TrustiShares Core S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 10, 202451$168.9MVanguard Total Bond Market ETFSPDR Series TrustiShares Core S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 5, 202353$150.4MVanguard Total Bond Market ETFSPDR Series TrustiShares Core S&P 500 ETFvs. Q2 2023SEC
Q2 2023Aug 8, 202356$156.2MVanguard Total Bond Market ETFiShares MSCI USA Min Vol Factor ETFiShares Core S&P 500 ETFvs. Q1 2023SEC
Q1 2023Apr 12, 202352$150.7MiShares MSCI USA Min Vol Factor ETFVanguard Total Bond Market ETFiShares Core S&P 500 ETFvs. Q4 2022SEC
Q4 2022Feb 1, 202354$146.3MiShares MSCI USA Min Vol Factor ETFVanguard Total Bond Market ETFVanguard High Dividend Yield Index ETFvs. Q3 2022SEC
Q3 2022Oct 12, 202253$136.2MVanguard Total Bond Market ETFiShares MSCI USA Min Vol Factor ETFVanguard High Dividend Yield Index ETFvs. Q2 2022SEC
Q2 2022Jul 11, 202253$141.4MVanguard Total Bond Market ETFiShares MSCI USA Min Vol Factor ETFVanguard High Dividend Yield Index ETFvs. Q1 2022SEC
Q1 2022Apr 8, 202251$153.7MVanguard Total Bond Market ETFiShares MSCI USA Min Vol Factor ETFVanguard High Dividend Yield Index ETFvs. Q4 2021SEC
Q4 2021Jan 20, 202251$154.4MVanguard Total Bond Market ETFiShares MSCI USA Min Vol Factor ETFVanguard High Dividend Yield Index ETFvs. Q3 2021SEC
Q3 2021Nov 12, 202147$141.5MVanguard Total Bond Market ETFiShares MSCI USA Min Vol Factor ETFiShares MSCI USA Momentum Factor ETFvs. Q2 2021SEC
Q2 2021Aug 9, 202150$142.6MVanguard Total Bond Market ETFiShares MSCI USA Min Vol Factor ETFVanguard High Dividend Yield Index ETFvs. Q1 2021SEC
Q1 2021Apr 14, 202150$130.6MVanguard Total Bond Market ETFiShares MSCI USA Min Vol Factor ETFVanguard High Dividend Yield Index ETF–SEC